Assumption of Liability definition

Assumption of Liability means a promise by the transferee of mortgaged real estate, whether made to the transferor or to the mortgagee, to perform the
Sample 1
Assumption of Liability. As provided in the Xxxxxxx Rental Contract, the customer assumes full responsibility for all damage or loss of rental equipment, as well as all personal injuries or property damage resulting from customer's use, misuse, or possession of the equipment. Customer agrees to follow and to comply with all applicable laws, rules, regulations and orders. Certificate of Insurance: To protect both the lessor and customer from claims arising of the rental or operation of the equipment, customer must keep the equipment fully insured for the liability and physical damage. Customer must forward a certificate of insurance covering rented equipment naming Xxxxxxx equipment/Bobcat of Phoenix as Loss Payee and Additional Insured. Insurance must be provided prior to rental start date and exceed rental duration. If the insurance is not provided a Damage Waiver will be accessed on ALL rental contracts. (See damage waiver).
Sample 1
Assumption of Liability. The CLIENT assumes and claims all responsibility and liability for the content of any and all WRITTEN information prepared by BRG and disseminated on behalf of the CLIENT that the CLIENT approves prior to dissemination.
Sample 1

Examples of Assumption of Liability in a sentence

  • Assumption of liability shall be a condition for approval of any successor as a participating provider.

  • Assumption of liability shall not release Provider from the indebtedness unless an agreement to that effect is entered into between BCBSM, Provider, and any prospective successor, or if the successor is a participating provider and expressly agrees to assume Provider's liabilities to BCBSM or BCBS.

  • Assumption of liability in a contract or agreement, unless under a covered contract and then only for bodily injury or property damage for which the member or member’s agency may be liable.

  • Assumption of liability by any of You under any contract or agreement, including any warranty.

  • Assumption of liability of volunteer Directors to third parties by the corporation.

  • His partnerwill be reflected in the partnership books, the Assumption of liability.

  • Assumption of liability allows the party to “step into the shoes” of the responsible person (RP).

  • Assumption of liability for the correct loading of the vessel and any consequential damage due to it.7.8. When barges are utilized for the direct loading or unloading of vessels, stevedore is responsible for the proper loading or unloading of the barges, draft surveys and proper cleaning and trim of barges.

  • Assumption of liability by and AKC judge in a contract or agreement, unless that liability exists in the absence of such contract or agreement.

  • Affirmative Furthering Fair Housing Marketing Plan to affirmatively market affordable housing to very low- and low-income residents.

Related to Assumption of Liability

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Assignment of Agreements means that certain Assignment of Agreements, Licenses, Permits and Contracts, dated as of the date hereof, from Borrower, as assignor, to Lender, as assignee.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Consent to subcontract means the Contracting Officer’s written consent for the Contractor to enter into a particular subcontract.

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).

  • Bill of Sale means a bill or bills of sale in a form substantially in conformance with the form attached as the Exhibit B hereto.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Express warranty means an express warranty as set forth in sections 4-2-313 and 4-2.5-210, C.R.S. An express warranty shall cover every part of a new facilitative device.

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Loss of Limb means loss by physical severance of a hand at or above the wrist or of a foot at or above the ankle.

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Patent Assignment each patent collateral assignment agreement pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s interests in its patents, as security for the Obligations.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Indemnification Agreements has the meaning set forth in Section 2.5.

  • Express Waiver I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS. Signature Date

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • IP Assignment a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for the Obligations.

  • Addendum Agreement is defined in Section 8.2.